Sunday, March 11, 2007

Insured Poverty

I guess I’m not done complaining yet. I’m upset that my health insurance premium is increasing—again. I am rankled by the arrogance of the company. Here is the explanation given for the increase:

“The vast majority of the premiums we collect are paid out in claims. Without a rate adjustment, sufficient revenue would not be available to cover contingency reserves and administrative expenses. Further, the rate of inflation in health care costs and utilization continues to rise at rates exceeding the average rate of inflation. When combined, these factors make it necessary to adjust the premium of our members.”

They paint themselves as benevolent and benign. I wonder if a healthy profit margin entered into their factoring. My outrageously high premiums and crippling deductibles cause me to more seriously consider support for a universal health plan. But for now, I’ll exercise my only free market trump card—I’ll find a different health insurance provider.

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Posted by Cyppy at 9:22 PM
Comments:
Whine away! We'll stop when we mere mortals get the same health care as our legislators and retired presidents, etc.
posted by Anonymous Anonymous : 3/12/2007 4:39 AM
 
I wish the phone operators who work for those insurance companies would just admit it and say, "You know what, you're right. This rate is unconscionable." How would making such an admission hurt them? They are just paid a set rate to sit there and tow the company line. I suppose all their calls are monitored and they would surely be terminated for any insubordination.
posted by Anonymous Anonymous : 3/15/2007 1:19 AM
 
The cost of health insurance, which for me is paid for by my company, is what will keep me working to the age of 65. And quite possibly beyond 65. How healthy is that!?
posted by Anonymous Anonymous : 3/15/2007 5:50 AM
 
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